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Corporate Governance and SOX

What is meant by the term corporate governance? How does corporate governance impact financial planning? How can organizations manage this impact?
What is the Sarbanes-Oxley (SOX) Act? How has the SOX Act impacted organizations? Is the impact positive or negative? Explain your answer.

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Q: What is meant by the term corporate governance? How does corporate governance impact financial planning? How can organizations manage this impact?

A: Corporate governance is the system of reviewing the activities of the organization to make sure the activity is authorized and free from error or fraud. Corporate governance usually focuses on areas of risk and includes internal control over operations and financial reporting. The controls over operations are to make sure that workers comply with regulations and working safely and in accordance ...

Solution Summary

Your tutorial is 285 words and explains briefly what corporate governance is with examples. The high points of the Sarbanes Oxley law are discussed (not comprehensive).

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